22nd Feb 2024 07:00
Tharisa PLC - Cyprus-headquartered platinum miner - Says the total investment in its subsidiary Karo Mining Holdings PLC in Zimbabwe amounts to USD135.3 million, imputing an entry valuation of USS180.4 million. Recently, Karo Mining raised USD65.0 million through rights offer, Tharisa says at an annual general meeting held on Wednesday. Karo Mining has an indirect shareholding of 85% in Karo Platinum. Tharisa says it followed its rights in the Karo Mining offer, increasing its stake to 75% from 70%. Says applying the rights offer subscription for the additional 5% shareholding imputes a value of USD390.0 million to Karo Mining and thus USD457.8 million for Karo Platinum. Read More
